HOUSTON-CORRECTION FROM PREVIOUS PUBLISH-Trammell Crow Co. and partner Principal Real Estate Investors sold Noble Energy Center One to Cole Corporate Income Trust Inc., based in Scottsdale, AZ. The JV sellers disposed of the 497,000-square-foot a handful of months after breaking ground on the 450,000-square-foot Noble Energy Center Two.
Bernard Branca, Jared Chua and Russell Ingrum with CBRE represented the seller.
Noble Energy Center One is at 1001 Noble Energy Way, at SH 249 and Louetta Road in the northwest submarket. Once part of the massive Compaq/Hewlett-Packard complex, the building has undergone a significant capital renovation , which included modifications to lobbies, elevators, landscaping, common areas, signage and other aspects of the building and parking garage. The project also obtained LEED® Gold certification from the US Green Building Council.
In January 2012, Noble Energy Inc. signed a long-term lease to establish its global corporate headquarters in the building. The company's new campus is anticipated to employ more than 1,600 individuals by 2015.
The Noble Energy Center campus is adjacent to The Vintage, a master-planned mixed-use project with 537,000 square feet of retail/office space, more than 1,600 upscale residences, two apartment complexes, a 123-room hotel, Kelsey-Seybold Clinic, and a St. Luke's regional hospital. It is also situated among an abundance of attractive wooded neighborhoods, golf courses, premier retail and restaurants and regional parks.
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